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Time to read [5 minutes] The Devo Song "Whip It" Is Oddly About The American Dream The Song Was About Avoiding Being Duped By The American Dream Relocating To Downsize Is Determined By Highest And Best Use It's the day before the long holiday weekend, and I needed some levity. I just read a fun Wall Street Journal piece on Devo Frontman Mark Mothersbaugh on the Double Meaning of 'Whip It' [gift...
Time to read [4 minutes] Homeowners are developing rituals to celebrate, like ordering pizza The drive from the closing to the house with the keys is pretty special You'll never forget closing on that first house, and wonder how you got there Labor Day is nearly upon us, and so is pizza, so let's keep it short and festive. When we closed on our first house, the agent took our picture in front of...
Time to read [6 minutes] Bidding Wars Are Auctions And Winners Behave Differently Than Losers Chronic Shortage Of Listing Inventory Is Easing But Bidding Wars Remain Prevalent Nearly One In Five US Sales Sells Above The Ask I have often told the story of our efforts to buy our present home three years ago in a Connecticut housing market devoid of listings. We beat 30 people and paid about 36%...
Time to read [5 minutes] I Doubt Having An Address Of 666 Will Damage Value The Epstein Mansion Value Was Not Hurt By Its Stigma A Plane Crashing Into A Condo Has Not Hurt Values In Building Yesterday, there was an article about a Sackler family heir's triplex on Park Avenue that might be listed. If you remember, the Sackler family was sued because they "owned, directed, and profited" from Purdue...
Time to read [5 minutes] The Wealth Gap Is Expanding Rapidly The Top 1% Own 50% Of The Financial Markets Luxury Real Estate Is Likely To Fair Better Than The Remainder A while back, I wrote about how the outlook for luxury housing seemed better than for the remainder of the housing market. One of the drivers of its outsized performance was the expanding wealth gap, which is a generational change...
Time to read [5 minutes] Resales At Billionaires’ Row Have Been Lackluster The Super Tall Luxury Market Never As Deep And Wide As Once Thought This Super Luxury Market Came To Life During The Perfect Credit Storm Vacation Week Note Hurricane Erin Both yesterday and today, my vacation town, Rehoboth Beach, turned cooler, dark, windy, and rainy, which forced my wife and me to do a lot of shopping...
Time to read [5 minutes] While NYC Rental Prices Gains Have Been Significant, The Gains May Not Last The Significant Drop In Jobs Leading To A NearCertain Rate Cut The Key Will Be Whether Mortgage Rates See Meaningful Decline After Fed Move Vacation Week Note Source: Jonathan Miller We are at the beach! I grew up in Rehoboth Beach, DE, the "nation's summer capital," and try to make the...
Time to read [5 minutes] Housing Narrative Has Shifted From Sellers' Strength To Buyers' Weakness Home Equity Has Surged Due To Rising Prices Distressed Real Estate Remains A Rounding Error There are tons of studies coming out now that we’re seeing more housing markets showing price declines. Incidentally, there is no national housing market. The narrative has shifted from talking about the...
Time to read [9 minutes] The Administration Did An AboutFace And Plan To Have A GSE IPO In The Fall A Reduction Or Elimination Of Implicit Guarantee Will Raise Interest Rates Consolidation Of The GSEs Is Probably Good, But Not During Peak Uncertainty Let's do some critical thinking for fun but I need to warn you. Because this is a Washington, DCdirected post, it is chock full of acronyms. Fannie...
Time to read [5 minutes] There Have Been A Lot Of Lot Sales In Palisades As Buyers Invest In The Future The Replacement Homes Will Likely Skew To Higher End The US Economy Is Becoming More Dependent On Its Wealthy Citizens The intensity of destruction by the Pacific Palisades fires was measured at $54 billion early this year. About 4,700 of the 6,600 structures destroyed in Palisades...
The post Manhattan Co-op/Condo/Townhouse Listing Inventory first appeared on Miller Samuel Real Estate Appraisers & Consultants. [...]
![[Podcast] Episode 4: What It Means With Jonathan Miller](https://millersamuel.com/files/2025/04/WhatItMeans.jpeg)
Episode 4 is out! I touch on the 2 scandals coming out of the Appraisal Institute and more on tariffs. I spoke at a new development real estate event in [...]
